Osisko gold royalties (TSE:OR) Earns “Outperform” Rating from Raymond James

Raymond James reissued their outperform rating on shares of Osisko gold royalties (TSE:OR) in a report published on Friday morning, BayStreet.CA reports. The brokerage currently has a C$16.00 target price on the stock. Raymond James also issued estimates for Osisko gold royalties’ FY2019 earnings at $0.27 EPS.

OR has been the topic of a number of other reports. National Bank Financial restated a sector perform rating and set a C$20.00 price target on shares of Osisko gold royalties in a research report on Monday, September 23rd. Cormark increased their price target on Osisko gold royalties from C$17.00 to C$19.25 in a research report on Tuesday, September 10th. CIBC lowered Osisko gold royalties from an outperform rating to a neutral rating and decreased their price target for the stock from C$18.50 to C$15.25 in a research report on Tuesday, November 5th. Eight Capital increased their price target on Osisko gold royalties from C$13.25 to C$18.50 in a research report on Thursday, August 8th. Finally, BMO Capital Markets increased their price target on Osisko gold royalties from C$17.50 to C$19.00 in a research report on Wednesday, September 11th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of C$17.56.

Shares of OR traded down C$0.09 during mid-day trading on Friday, reaching C$11.13. The company had a trading volume of 284,962 shares, compared to its average volume of 465,314. Osisko gold royalties has a twelve month low of C$9.27 and a twelve month high of C$17.47. The company has a debt-to-equity ratio of 23.76, a current ratio of 9.27 and a quick ratio of 9.20. The company’s 50-day moving average is C$12.60 and its 200-day moving average is C$14.33. The company has a market capitalization of $1.75 billion and a P/E ratio of -8.43.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Monday, December 30th. Osisko gold royalties’s payout ratio is presently -15.15%.

In related news, Senior Officer Bryan A. Coates sold 12,500 shares of the firm’s stock in a transaction on Friday, August 23rd. The stock was sold at an average price of C$16.73, for a total transaction of C$209,125.00. Following the sale, the insider now owns 150,375 shares of the company’s stock, valued at approximately C$2,515,773.75.

About Osisko gold royalties

Osisko Gold Royalties Ltd acquires and manages precious metal and other royalties, streams, and similar interests in Canada and internationally. Its assets include the 5% net smelter return (NSR) royalty on the Canadian Malartic mine; the 2.0% to 3.5% NSR royalty on the Eleonore mine; a 9.6% diamond stream on the Renard diamond mine; a 4% gold and silver stream on the Brucejack gold; a 3% NSR royalty on the Seabee gold operations located in Saskatchewan, Canada; and the 1.38% to 2.55% NSR royalty on the Island Gold mine.

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Analyst Recommendations for Osisko gold royalties (TSE:OR)

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